life insurance quotes

_________________________________

Sometimes selecting term insurance for all or a portion of your financial plan is a good solution and other times it is not. 

______________________________

• An experienced insurance agent can provide you with the pros and cons of each type of insurance so that you can make the best decision based on your needs and budget. 
• There are many variations of term insurance. 
• Expect that it will cost less than permanent insurance. 
• Expect to outlive the "term", but have the comfort of knowing that if you do not, your loved ones will receive the designated amount of money.  

________________________________ 

Intended to provide lifelong, guaranteed coverage with a death benefit that doesn't expire before you do, as long as premiums are paid and the policy has enough premium to sustain it. 

_______________________________

• Buy young to lock in a rate based on the youngest possible version of you. Price it so that it is paid up by a certain age.  
• Grandparents and parents can purchase policies for the children. At age 18 allow the children to takeover the policy or continue as the policy owner.  Provides protection in the event that health conditions are later a factor in preventing approval. Even asthma can cause a denial. Also, you can design the policy so that the cash value is significant enough to provide emergency cash to borrow from or withdraw. 

_______________________________

 Intended to provide lifelong, guaranteed coverage with a death benefit that doesn't expire before you do. Designed to ensure that premium + interest sustains the policy regardless of market conditions. 

_________________________________

• Buy young to lock in a rate based on the youngest possible version of you. Price it so that it is paid up by a certain age.  
• Grandparents and parents can purchase policies for the children. At age 18 allow the children to takeover the policy or continue as the policy owner.  Provides protection in the event that health conditions are later a factor in preventing approval. Even asthma can cause a denial. Also, you can design the policy so that the cash value is significant enough to provide emergency cash to borrow from or withdraw. 

_________________________________

Burial insurance is a simplified-issue whole life policy designed to cover end-of-life costs, typically ranging from $5,000 to $50,000. 

________________________________

• Fixed premiums and simplified underwriting,  meaning no medical exam is required, only health questions, making it easier for seniors to qualify. 
•  Primarily covers funeral costs, cremation, and, burial, but can be used for any expense, including medical bills and debt.
•  Benefits paid out quickly to avoid out-of-pocket costs during a difficult time. 

Types of policies 

• Level Coverage: Immediate full death benefit from day one.
• Modified/Guaranteed Issue: used if health issues exist; may have a "graded" period, meaning the full benefit is only paid if the insured passes away after a certain period (e.g., 2-3 years), otherwise premiums are returned with interest.